Ideal Homes Foundation Inc
Ideal Homes Foundation Inc is a private foundation based in Norman, Oklahoma. Its 2024 filing reports grants to individual recipients for educational scholarships.
Ideal Homes Foundation Inc at a glance
In short: Ideal Homes Foundation Inc gave $57K across 30 grants in 2024 (avg $2K), mostly in Oklahoma. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $57,350
- -83.6% vs 2023
- Grants made (2024)
- 30
- -9.1% vs 2023
- Average grant
- $1,912
- -81.9% vs 2023
- Median grant
- $1,850
- Total assets
- $952,879
- +16.4% vs 2023
- Primary geography
- Oklahoma (62% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Ideal Homes Foundation Inc
- How to Apply
-
The filing states that the foundation does not restrict giving to preselected organizations. Application materials are on file at the taxpayer office; the filing lists Vernon McKown as the contact and states there are no award restrictions.
- Contact
Application contact: Vernon Mckown
Mailing address: 1320 North Porter, Norman, OK 73071
Phone: (405) 360-5533
Website: https://idealhomes.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Ideal Homes Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
167 grants across all recorded years
The most common grant size was under $50K: 165 grants of 167 (99%).
Geographic Focus
Where this funder awards grants
In 2024, grant dollars went primarily to recipients in Oklahoma (62%), followed by Idaho (10%), Kansas (10%), Texas (6%), and Missouri (5%). A smaller share went to recipients in other states, including West Virginia.
Grant Distribution by State
Share of 2024 grant dollars across all 30 itemized grants.
Cities
How Ideal Homes Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+1%). Method
- In 2024 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $57K (2021) to $353K (2022). In 2024 it made 30 grants totaling $57K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 30 individual scholarships Recipients not named | — | $57,350 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $952,879 | $262,463 | $129,744 | $57,350 | 30 | $57,350 | $24,030 | $69,210 |
| 2023 | $818,619 | $592,107 | $419,697 | $348,900 | 33 | $348,900 | $25,826 | $66,680 |
| 2022 | $646,209 | $630,819 | $416,702 | $352,750 | 36 | $352,750 | $25,656 | $60,309 |
| 2021 | $483,110 | $117,893 | $102,314 | $56,900 | 36 | $56,900 | $47,281 | $48,567 |
| 2020 | $460,013 | $109,811 | $108,842 | $58,200 | 32 | — | $34,299 | $45,963 |
Under IRS private-foundation payout rules, Ideal Homes Foundation Inc reported a distributable amount of $69K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The available grant details show support for educational scholarships. The 2024 grants listed were to individual recipients; no organizational grantee missions are provided.
Grantmaking
In 2024, the foundation reported 30 grants totaling $57,350. Awards ranged from $750 to $4,000, with a median of $1,850. The largest listed awards were $4,000 each to individual recipients in Oklahoma and Idaho, both for educational scholarships. Other listed awards ranged from $2,000 to $3,400 and also supported individual recipients for educational scholarships.
In 2023, the foundation reported 33 grants totaling $348,900. In 2022, it reported 36 grants totaling $352,750. Its 2024 filing, the latest on this page, reports 30 grants totaling $57,350.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Gene McKown, Vernon McKown, and S Jaree Stambeck as directors.
Ideal Homes Foundation Inc's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gene McKown
Director
On filings since 2020
No compensation reported
S. Jaree Stambeck
Director
On filings since 2020
No compensation reported
Vernon McKown
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Ideal Homes Foundation Inc
How much does Ideal Homes Foundation Inc give each year?
Ideal Homes Foundation Inc gave $57K across 30 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $349K across 33 grants.
What is Ideal Homes Foundation Inc's typical grant size?
Ideal Homes Foundation Inc's median grant in 2024 was $1,850, and its average grant was $1,912, across 30 grants on its 2024 IRS Form 990-PF.
Where does Ideal Homes Foundation Inc give grants?
Ideal Homes Foundation Inc gives mostly in Oklahoma: 62% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Idaho (10%) and Kansas (10%).
Does Ideal Homes Foundation Inc give general operating support?
Not in 2024: none of the 30 grants with a stated purpose on Ideal Homes Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational Scholarship" (30 grants).
How large is Ideal Homes Foundation Inc?
Ideal Homes Foundation Inc reported $953K in total assets on its 2024 IRS Form 990-PF. It paid out $57K in qualifying distributions that year, against a required minimum of $69K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Ideal Homes Foundation Inc fund?
The available grant details show support for educational scholarships. The 2024 grants listed were to individual recipients; no organizational grantee missions are provided. See mission & focus areas ↑
How do I apply for a grant from Ideal Homes Foundation Inc?
The filing states that the foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Ideal Homes Foundation Inc's EIN?
Ideal Homes Foundation Inc's EIN (Employer Identification Number) is 73-1594602. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Figures come from Ideal Homes Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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